The $980 million IBM Southeast Employees’ Credit Union (IBMSECU) in Delray Beach, FL, announced the merger and acquisition of the $109 million Mackinac Savings Bank, in Boynton Beach, FL. Mackinac Savings Bank has three banking offices in Palm...
The American Bankers Association (ABA) filed a motion for summary judgment last week in its suit against NCUA and its revised field-of-membership (FOM) rule. CUNA supports NCUA’s position in the lawsuit, and will likely file an amicus brief...
The credit union industry lost another great leader and innovator last week. Paul Simkins Sr. passed away on Friday, May 26. Simkins served as president/CEO of several credit unions over the years, most particularly McCoy Federal Credit Union, Pan...
The National Credit Union Administration Board held its fourth open meeting of 2017 at the agency’s headquarters last week and unanimously approved three items: A proposed rule to provide greater transparency to members of federal credit unions when...
Space Coast Credit Union, headquartered in Melbourne, FL has appointed Timothy M. Antonition as its new president and chief executive officer following the death of CEO Doug Samuels, who passed away on May 12. Antonition, formerly the credit union’s...
Is your Credit Union, Chapter or Young Professional Group looking for a unique way to stand out at community events, picnics, lunch –n- learns, open houses or on college campuses? For a very limited time, the Southeastern Credit Union Foundation is...
Yesterday, NCUA Chairman J. Mark McWatters wrote a letter to embattled CFPB Director Richard Cordray in regard to credit union compliance with CFPB rules specifically in regard to the Home Mortgage Disclosure Act (HMDA), as well as the Unfair...
Late Wednesday, League sources were informed that the Durbin Amendment repeal being sought in the CHOICE Act would be removed from the legislation before being voted on the floor of the House of Representatives. Word is that the Speaker of the...
The CHOICE Act, which recently passed out of the House Financial Services Committee, included a provision that repeals the Durbin debit interchange amendment. CUNA supports this repeal because of the harm the Durbin amendment has caused credit...
Last week, the Alabama House of Representatives gave final approval to HB 355 by Rep. Merika Coleman allowing financial institutions in Alabama to offer Prize Linked Savings Accounts. HB 355 was passed by the Senate early in the week, but was...